Does anyone win the hgtv dream home

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Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Sandra Grauschopf. Sandra Grauschopf has been working in the contests industry since She is a passionate sweeper, with tens of thousands of dollars worth of prize wins to her name, and she has been sharing advice about how to be a winner for over a decade.

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I Accept Show Purposes. You can enter to win the grand prize until February Good luck! Follow House Beautiful on Instagram. Design Inspiration. Room Ideas. How to Renovate. Shopping Guides. United States. Just six of the first 21 winners actually lived in their new digs for more than a year.

But after taking out a mortgage on the place to pay her taxes, according to Country Living magazine, she used it only as a vacation property. When it became obvious that most winners were unable to keep their prizes, many opted to take the cash option HGTV began offering. Others sold their prize homes, often back to their builders, and rarely at full value. Taxes, mostly. Since the winnings are considered income, Uncle Sam wants his cut. And often, so does the state in which the property is located, as do other local jurisdictions which may have taxing authority.

Another problem: Most dream home prizes are located in areas with higher costs of living. Nice little windfall. So three months after winning the Sonoma, Calif. The winner also took a big haircut when she sold the New Mexico house she won.

The winners tried to use their new Vermont ski-in, ski-out lodge as a vacation home but only managed to use it five times before deciding to sell it, Tedesco reports.

The winner, Beverly Fulkerson of Osgood, Ind. On the other hand, selling your winnings — or taking the cash instead — could result in a nice profit. Entrants have until 5 p. Syndicated newspaper columnist, Lew Sichelman has been covering the housing market and all it entails for more than 50 years.

He is an award-winning journalist who worked at two major Washington, D.